Madge Networks N.V. Realigns Senior Management Team.AMSTERDAM, Netherlands--(BUSINESS WIRE)--Nov. 6, 1998-- Madge Networks Madge Networks NV. founded by Robert Madge and best known for its work with Token Ring, was a global leader and pioneer of high speed networking solutions in the mid 1990s, and also made significant contributions to technologies such as Asynchronous Transfer Mode (ATM) and Ethernet. N.V. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MADGF), a worldwide supplier of networking solutions, today announced the realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of its senior management team to enable improved execution of the company's ambitious growth strategy. Mike Wilson Mike Wilson could refer to the following people:
Mike Keilty becomes senior vice president, and chief executive of Madge's video networking division. John Wheeler becomes senior vice president, and chief executive of corporate development, a recently formed division set up to explore new growth opportunities particularly in the area of managed services. Peter Cox is senior vice president responsible for Human Resources. Chris Bradley has been promoted to vice president of finance, and will be the company's interim senior financial officer while a permanent replacement is found for CFO See Chief Financial Officer. Allen Preece, who has left the company for family reasons. Robert Madge, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Madge Networks said: "We have made a great deal of progress in the Company during recent months. I believe these further changes put us in a strong position for the future. I would like to thank Allen for his contribution during his short period with the company. Madge has a team of senior and experienced business managers, with a track record of success. We will continue to maximize results in our core Token Ring business while aggressively pursuing new growth opportunities." Notes to Editors: Mike Wilson Mike Wilson, 41, has served as vice president and general manager of Madge's Token Ring solutions division, based in the United Kingdom, since July 1997. He has been instrumental in ensuring Madge's leadership position in Token Ring is maintained by driving initiatives such as High Speed Token Ring. Mike previously served as vice president, manufacturing and logistics. Prior to joining Madge in 1994, Mike served as Engineering Software and Service Business Manager for Manufacturing Systems Portfolio Ltd., a subsidiary of International Computers Limited ("ICL (International Computers Ltd., London) The former name of Fujitsu Services, the European-centered arm of the global Fujitsu Group and one of the leading IT services companies in Europe, the Middle East and Africa. "). Mike Keilty Mike Keilty, 47, has a wealth of senior management experience in the telecommunications industry, serving a variety of commercial sectors. Prior to joining Madge in October, he spent 11 years at BT North America, the US-based subsidiary of BT. As senior vice president, Mike took charge of commercial business and sales in North America. Previously he was vice president of product sales, where his role encompassed a domestic and international focus. Mike joined BT North America from FTCC FTCC LE Fletcher Technical Community College (Houma, Louisiana) FTCC Facility Training Coordination Committee , an international record carrier, where he held the position of vice president of sales. John Wheeler John Wheeler, 47, has extensive senior-level business management experience. John joined Madge in July from ANS (ANS Communications, Inc, Purchase, NY) An ISP, Internet backbone and provider of private data network services, founded in 1990 as Advanced Network & Services, Inc., by IBM, MCI and Merit (consortium of Michigan universities). (a subsidiary of WorldCom) where he successfully established and ran the complete European business operation. Before joining ANS in 1996, John spent seven years at British Telecom as director of the $6 billion Corporate Clients division - a one-stop sales consultancy/marketing/customer service enterprise. He was responsible for helping BT address the telecommunications needs of its top 5000 business customers. Having joined BT as general manager of sales operations, John also held the positions of general manager of the retail and finance sector and director of business sales. Peter Cox Peter Cox, 45, has extensive experience in organizational and staff development, internal communications, and change management during company mergers and acquisitions. Peter recently joined Madge from General Accident (UK) where he led the human resources team during the company's merger with Commercial Union. Previously, Peter served as personnel director for Dixons Stores Group and the Argyll Group (following the acquisition of Safeway). Chris Bradley Chris Bradley, 37, has extensive international financial management experience. Chris joined Madge in 1996 as finance director and has been responsible for the financial control of the company for the past 18 months. Prior to joining Madge, Chris spent seven years with Nortel as finance director in the UK, North America and Asia. Before joining Nortel, Chris held financial management positions with COMAG (Hearst Corporation subsidiary), Digital Equipment and 3M. About Madge Networks N.V. Founded in 1986, Madge Networks (NASDAQ:MADGF) is a worldwide supplier of advanced networking solutions. A manufacturer of award-winning adapter cards, workgroup switching and backbone products, Madge has pioneered advances in Token Ring, ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. , video networking and ATM technologies. The company is also at the forefront of developments in High Speed Token Ring (HSTR HSTR Harry S Truman National Historic Site (US National Park Service) HSTR High Speed Token Ring ) technology, and is a founding member of the HSTR Alliance. Madge is committed to providing key components of converged networks - networks which handle simultaneous data, video and voice traffic. Madge's main business centers are located at Wexham Springs, United Kingdom and Eatontown, New Jersey Eatontown is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,008. What is now Eatontown was originally incorporated as Eatontown Township . The company serves its international customer base through a global network of distributors and resellers. Madge Networks N.V., a company organized under the laws of the Netherlands, is the parent company of Madge Networks. Information about Madge's complete range of products and services can be accessed on the World Wide Web at www.madge.com. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and Statement Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks (e.g., competition, global economic conditions, and changed resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs resulting from these and other factors). Forward-looking statements in this press release include statements which refer to enabling improved execution, the company's ambitious growth strategy, progress, stronger position for the future, maximizing results in the core Token Ring business, pursuing new growth opportunities and other statements which are not completely historical. These statements may differ materially from actual future actions, events or results. For more information on risk factors, please refer to Madge's SEC filings on Form 20F and Form 6-K. -0- Madge and the Madge logo are trademarks, and in some jurisdictions may be registered trademarks of Madge Networks or its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Contact Madge Networks, Wexham Springs, United Kingdom at Internet: http://www.madge.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion